All Else Equal,as Compared to an Annual Payment Fixed Income

question 77

Multiple Choice

All else equal,as compared to an annual payment fixed income security,a semi-annual payment security has a

• A)lower duration value and lower market value.
• B)higher duration but lower price sensitivity.
• C)lower duration and more cash flows.
• D)higher duration and more cash flows.

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Definitions:

Virtual Network

A digital network that uses software and virtualized hardware resources to provide network functionality in a virtual environment.

Expert System

A computer program that simulates the judgment and behavior of a human or an organization that has expert knowledge and experience in a particular field.

Human Thinking

The mental process involving perception, reasoning, judgment, and memory by which humans interpret and interact with the world.